Global Polyethylene Terephthalate (PET) Market Growth 2025-2031

The global Polyethylene Terephthalate (PET) market size is predicted to grow from US$ 116010 million in 2025 to US$ 140270 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.

Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.

PET resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance as well as dimensional stability.

It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for clothing fabric and household textiles, food and beverage packaging, films, injection moulding, etc.

The global Polyethylene Terephthalate (PET) market is currently influenced by several key trends:

Sustainability and Recycling: There is a significant push towards sustainability, with increasing demand for recycled PET (rPET) driven by environmental regulations and consumer preferences for eco-friendly products. Many manufacturers are adopting circular economy practices to enhance recyclability.

Growth in Packaging Industry: PET's excellent properties for packaging, particularly in the food and beverage sector, continue to drive demand. Its lightweight, strength, and barrier properties make it a preferred choice for containers and bottles.

Expansion in Emerging Markets: Rapid urbanization and increasing disposable incomes in emerging economies, particularly in Asia-Pacific (e.g., China and India), are fueling the growth of the PET market as consumer goods and packaged products become more prevalent.

Technological Advancements: Innovations in PET manufacturing, such as the development of bio-based PET and improvements in processing technologies, are enhancing product performance and reducing environmental impact.

Market Consolidation: The PET resin market is seeing mergers and acquisitions among major players, which aim to improve production efficiencies, expand product offerings, and enhance global reach.

Shift to E-commerce and Convenience Packaging: The rise of e-commerce is influencing packaging requirements, leading to increased demand for lightweight and durable PET products that can protect goods during transit.

Global key players of Polyethylene Terephthalate (PET) include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, etc. The top five players hold a share about 33%. Asia-Pacific is the largest market, and has a share about 76%, followed by Europe and North America with share 9% and 9%, separately. In terms of product type, PET Filament is the largest segment, accounting for a share of 51%. In terms of application, Apparel is the largest field with a share about 39%.



LP Information, Inc. (LPI) ' newest research report, the “Polyethylene Terephthalate (PET) Industry Forecast” looks at past sales and reviews total world Polyethylene Terephthalate (PET) sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyethylene Terephthalate (PET) sales for 2025 through 2031. With Polyethylene Terephthalate (PET) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyethylene Terephthalate (PET) industry.

This Insight Report provides a comprehensive analysis of the global Polyethylene Terephthalate (PET) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyethylene Terephthalate (PET) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyethylene Terephthalate (PET) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyethylene Terephthalate (PET) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyethylene Terephthalate (PET).

This report presents a comprehensive overview, market shares, and growth opportunities of Polyethylene Terephthalate (PET) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

PET Filament

PET Staple

Bottle Grade PET

Film Grade PET

Segmentation by Application:

Apparel

Household Textiles

Bottle Packaging Container

Automotive Decoration

Electronics & Electrical

Building and Construction

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Tongkun Group

Xin Feng Ming Group

Zhejiang Hengyi

Indorama Ventures

Alpek

FENC

Reliance Industries

Sheng Hong Group

Hengli Group

Billion Industrial

Rongsheng Petrochemical

Sanfangxiang Group

Sinopec Yizheng

CR Chemical Materials

JBF Industries

NanYa

Wankai New Materials

Dhunseri Ventures Limited

SABIC

NEO GROUP

Lotte Chemical

Toray

KoKsan

Sibur (Polief)

Asia Pacific Fibers (APF)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Polyethylene Terephthalate (PET) market?

What factors are driving Polyethylene Terephthalate (PET) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Polyethylene Terephthalate (PET) market opportunities vary by end market size?

How does Polyethylene Terephthalate (PET) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.